Milgrom, Wilson Win 2020 Nobel Prize in Economics

The video discusses the awarding of the Riksbank Prize in Economic Sciences to Paul Milgrom and Robert Wilson for their work on auction theory and new auction formats. It provides background information on both laureates, highlighting their academic achievements and current positions. Due to the pandemic, the Nobel Prize celebrations will be held digitally, with laureates participating via video links.

What was the main contribution of Paul Milgrom and Robert B. Wilson that led to their Nobel Prize award?

• Advancements in financial markets

• Improvements to auction theory and new auction formats

• Development of new economic models

• Innovations in supply chain management

Where did Paul Milgrom receive his PhD?

• Massachusetts Institute of Technology

• University of California, Berkeley

• Harvard University

• Stanford University

Which university is Robert B. Wilson associated with as Professor Emeritus?

• Harvard University

• Yale University

• Stanford University

• Princeton University

What change was made to the Nobel Prize celebrations due to the pandemic?

• The ceremonies were canceled

• The laureates were asked to come to Stockholm

• The prizes were postponed to next year

• The events were held digitally

How will the Nobel Prize lectures be conducted during the pandemic?

• Pre-recorded lectures

• In-person lectures in Stockholm

• Lectures postponed indefinitely

• Digital lectures over video links